- The Federal High Court in Lagos upheld the Tax Appeal Tribunal’s decision.
- The court ruled that the Federal Inland Revenue Service (FIRS) can designate rideshare platform operators as VAT collection agents.
- This applies to services like food and transport provided through their platforms.
- Platform operators may be required to collect and remit VAT on behalf of independent vendors and drivers.
- The decision is based on the authority granted by the VAT Act, 2024.
Source: kpmg.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Nigeria"
- Nigeria SONCAP: Bureau Veritas Authorization Extended Until August 2026
- Nigeria Pressed to Fast-Track Digital VAT Reforms for Stronger West African Revenue Growth
- Nigeria’s VAT Reform Creates Divide Between Digital and Traditional Healthcare Services
- Nigeria’s E-Invoicing Rollout: Impact on Cross-Border VAT and Global Tax Compliance Trends
- Nigeria Overhauls VAT Rules: Expanded Deductions, New Exemptions, Fossil Fuel Surcharge, Stricter Compliance
